Property News · June 3, 2019

Philippine and Chinese investors bet on Manila’s warehousing sector amid a boom in household consumption


Logistics and warehousing in the Philippines is poised for some rapid growth as local and overseas investors take advantage of booming household consumption.Manila’s improved relations with Beijing are also boosting investment in the sector from Chinese companies, including Alibaba Group Holding, the world’s largest online trading platform.In October 2018, Lazada Group, an Alibaba affiliate, opened a 54,000 square metre warehouse in Laguna – its largest fulfilment centre in Southeast Asia with…

Source : South China Morning Post
Read more…Philippine and Chinese investors bet on Manila’s warehousing sector amid a boom in household consumption